Developers, contractors and specialists are all stockpiling materials ahead of Britain leaving the European Union, Construction News can reveal.
The Environment Agency is planning to procure longer-term contracts, with its supply chain taking more of a role in managing assets as the industry seeks to offer better solutions for projects.
Interserve’s net debt has jumped more than expected and could hit £650m by the end of 2018, which the company blamed on further energy-from-waste losses and slow payments in the Middle East.
The chief executive of Bam Construct has said the tier one model is “under threat” from a combination of tight margins and the changing nature of construction.
Construction minister Richard Harrington has told day one of the Construction News Summit that the government will make an announcement on changes to retentions “very soon”.
While many specialists are avoiding the problems afflicting tier ones, the high-profile collapse a year ago of the UK’s largest building envelope contractor highlighted the perils tier twos can face.
Anything that helps businesses manage their tax more easily so they can focus on what they do best – innovate, expand and create jobs and profit – is positive.
Trump’s tariffs, Chinese over-production and Brexit: Steel is at the centre of global geopolitics. What does this mean for the price of steel? Binyamin Ali and Lucy Alderson report
In 2015, outstanding loans to construction firms stood at just over £37bn. By August this year, they had fallen to £32.6bn. Why does lending appear to be in decline and where is this trend heading? Lucy Alderson investigates.
Following Carillion’s collapse in January, the Budget marked the beginning of the end for the private finance initiative (PFI) and private finance 2 (PF2).
Credit insurance claims in the construction sector are at an all-time high.
An innovative approach to public sector procurement that started in Scotland is now making waves for two English councils on the south coast – with major implications for public clients.
Carillion’s collapse in January sent shockwaves through the industry and, indeed, the wider economy.
If HMRC attempts to recover someone else’s VAT default from your business, there are several things to do and to remember, Evan Wright explains.
Kier will release its annual results on Thursday and the big bets are split over which way the numbers will go.
Contractors are tightening their belts by reducing dividend payments and hoarding cash as the UK’s biggest construction players seek to avoid becoming the next Carillion. Here, finance editor David Price explains the financial health of the UK construction industry.
This year’s CN100 shows an industry that is split between those who are specialists in their field and making a proper margin, and those who are struggling with fragile balance sheets and highly leveraged business models.
The accusations this month that collapsed subcontractor Vaughan Engineering had been using Carillion’s liquidation as a ‘smokescreen’ to hide its own poor payment record will not surprise many in the industry.
The supply chain can now see exactly how tier ones perform on payment. Binyamin Ali assesses what this means for contracting and how subcontractors can use the data to their advantage.
For much of the 70s and 80s, construction firms were among the most vulnerable businesses in the UK. With Carillion and late payment once again exposing the sector’s high-risk nature, Lucy Alderson discovers the realities being faced by subcontractors across the industry.
It’s not been the most auspicious summer for London’s Premier League clubs looking to expand their stadiums.
Kier cuts average net debt by £20m in H2Subscription
Mace boss: Name and shame late-paying clientsSubscription
Serial late payers 'should be fined'Subscription
CLC chief: Tier ones not delaying paymentsSubscription
Forrest voluntarily exits £200m frameworkSubscription
Mace breaks £2bn revenue barrierSubscription
Galliford bonuses survive shareholder rebellionSubscription
Sir Robert McAlpine names new chairmanSubscription
Brexit stockpile yards sought for £1bn frameworkSubscription
Budget 2018: Hammond kills off PFISubscription
Kier FD: 'We’ll be shorted until after Brexit'Subscription